Select a page

Banking News

CBA executive committee shake-up

CBA executive committee shake-up

(1 July 2019 - Australia) CommBank has announced changes to its executive leadership team with Priscilla Sims Brown named as the Bank’s new group executive marketing and corporate affairs.

The announcement comes as Australian banks continue to focus on regaining trust and restoring their reputation following the Royal Commission into misconduct in the banking and financial services industry.

The Commonwealth Bank of Australia (CBA) made the announcement following the retirement of Anna Lenahan, its group general counsel and group executive for group corporate affairs. The bank has broken out corporate affairs as a separate role previously dually performed by Anna Lenahan.

Ms Lenahan retired on 30 June after joining CBA in November 2016 from Suncorp to head up the group’s legal team in the face of challenging legal cases including financial advice misconduct, mis-selling of insurance, bank bill swap rate manipulation, overcharging of interest rates and the Royal Commission.

Ms Sims Brown departs her current role as CEO of US digital healthcare start-up Emerge.me. She was previously Senior Vice President and CMO at AXA Financial in the US and held executive leadership roles at AmeriHealth Caritas, Sun Life Financial US and Lincoln National Corporation. Ms Sims Brown will take up the new role of group executive marketing and corporate affairs at CBA on 1 August, subject to regulatory reporting approvals. 

CBA deputy CEO David Cohen has assumed the role of group general counsel and corporate affairs while the bank seeks a new executive for group general counsel and governance.

“With our focus on earning trust and restoring the reputation of the Commonwealth Bank, we have decided to separate the role. In addition to a group general counsel and governance, we are creating the new role of group executive marketing and corporate affairs to allow for greater focus on how we engage with our customers, stakeholders and the broader community. Both roles will report directly to me” said CBA CEO Matt Comyn.

“Priscilla is a seasoned senior executive with extensive investment management, insurance and financial services experience. In addition to her marketing and corporate affairs expertise, Priscilla has an impressive track record of driving ambitious growth and customer transformation agendas, particularly during challenging periods. Priscilla’s appointment will help us continue the changes and improvements we need to make to earn the trust of our customers and the community and build a better bank for the future. I look forward to welcoming her to my executive team” Mr Comyn added.

Comment on this article

 

Your comments will not be published. Required fields are marked *

 

Please enter the word you see in the image below:


Subscribe

Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.